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Albion Resources Limited (ASX:ALB)

ALERT: Price-sensitive ASX Announcement for ALB
Current share price for ALB : $0.060 0.002 (3.45%)+
Announcement
Release
19 Nov 2025 8:54AM
Price at Release
$0.058
Full Release
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Summary
Albion Resources Limited has identified the Ives North prospect within its Yandal West Project in Western Australia as a high-priority drill target based on compelling Gradient Array Induced Polarisation (GAIP) results. These results reveal a robust and consistent geophysical anomaly, aligning with high-grade, sulphide-bearing rock chip samples and coinciding with pathfinder elements across a 2.5 km × 1.5 km corridor along a granite intrusion. The prospect, located just 2 km north of the successful Collavilla drill site, will be the focus of an RC drilling program planned for January 2026, contingent upon the fast-tracked completion of heritage and access approvals.
Key Points
  • Gradient Array Induced Polarisation (GAIP) results outline a robust geophysical anomaly at the Ives North prospect.
  • Ives North covers a ~2.5 km × 1.5 km corridor along the margin of a granite intrusion.
  • GAIP anomalies coincide with high-grade, sulphide-bearing rock chip samples up to 42 g/t Au.
  • Pathfinder elements (Ag–Bi–W–Mo) indicate a consistent geochemical trend across the prospect.
  • The target is located 2 km north of Collavilla which had significant gold drilling results.
  • Ives North is prioritized for Albion's next RC drill program scheduled for early 2026.
  • Albion is fast-tracking heritage and access approvals for the Ives North drill program.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.